March 31, 2023 01:37 GMT
MNI: PBOC Net Injects CNY182 Billion via OMOs Friday
The People's Bank of China (PBOC) conducted CNY189 billion via 7-day reverse repos on Friday, with the rates unchanged at 2.00%. The operation has led to a net injection of CNY182 billion after offsetting the maturity of CNY7 billion reverse repos today, according to Wind Information.
- The operation aims to keep banking system liquidity stable at the end of the quarter, the PBOC said on its website.
- The 7-day weighted average interbank repo rate for depository institutions (DR007) fell to 2.0812% at 09:36 am local time from the close of 2.2885% on Thursday.
- The CFETS-NEX money-market sentiment index closed at 49 on Thursday, compared with the close of 43 on Wednesday.